Cash windfall for local business following QPR's promotion
Mon 9th May 2011 | Money & Finance
Shepherds Bush businesses could benefit from a £700,000 a year cash windfall following Queens Park Rangers (QPR) successful promotion to the Premier League, according to the local authority.
Hammersmith & Fulham Council estimates that businesses, particularly on Uxbridge Road and around Shepherds Bush Green, will gain significantly from more passing trade - as glamour ties against Manchester United, Liverpool and a series of high profile London derbies boost attendances at Loftus Road.
The figure does not include the extra £40m a year- from television income, higher gate receipts and increased commercial income - that the club can expect to make now the row over Alejandro Faurlin has been resolved successfully.
Despite being the fourth smallest borough in the UK, Hammersmith & Fulham is already home to high-flying Chelsea FC and Fulham FC and now that Queens Park Rangers have been promoted, they are the only borough in Britain with three top-tier football teams.
Cllr Stephen Greenhalgh, Hammersmith & Fulham Council Leader, says: "We are proud to be the home of two fantastic top-flight football clubs and we want QPR to go up and make it a hat trick.
“Shepherds Bush is already a destination with attractions like Westfield, the BBC, Shepherds Bush Theatre and Market and if QPR were to regain their place at football's top table it would provide an additional boost for the area.
"Our football clubs are key businesses locally that generate jobs and wealth for borough residents and put a lot back into our local neighbourhoods."
Last month, Hammersmith & Fulham Council announced an agreement that will see local football clubs pay for match day traffic management - saving hard-pressed taxpayers more than £100,000 a year.
£12million a year could be saved if the arrangement was replicated across the country.
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